SG Americas Securities LLC Raises Holdings in Lineage, Inc. $LINE

SG Americas Securities LLC increased its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 64.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,978 shares of the company’s stock after acquiring an additional 168,107 shares during the quarter. SG Americas Securities LLC owned approximately 0.19% of Lineage worth $14,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the last quarter. Caitlin John LLC bought a new position in shares of Lineage in the third quarter worth approximately $31,000. Allworth Financial LP increased its stake in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period. Finally, Aew Capital Management L P purchased a new position in shares of Lineage in the fourth quarter worth $42,000.

Lineage Stock Performance

NASDAQ:LINE opened at $44.02 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $40.38 and its 200 day simple moving average is $37.72. The stock has a market cap of $10.02 billion, a P/E ratio of -70.99 and a beta of 0.88. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $45.69.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $0.86 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts predict that Lineage, Inc. will post 2.45 EPS for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th will be given a dividend of $0.5325 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 4.8%. Lineage’s payout ratio is currently -343.55%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LINE. Morgan Stanley upped their price target on shares of Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada boosted their price objective on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Compass Point started coverage on shares of Lineage in a research note on Wednesday, March 18th. They set a “buy” rating and a $47.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Barclays boosted their price target on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.12.

Lineage Company Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.